DOGE Sees 2.14% Dip as Large Holders Accumulate 300M Tokens Amid Volatile Support Test

Dogecoin (DOGEUSDT) experienced a 2.14% price decline over the past 24 hours, with the current price at 0.20290 USDT according to Binance data. The price movement is primarily attributed to increased market volatility around key technical support levels, as DOGE tested the 200-day EMA and the $0.20–$0.22 range. Despite no recent protocol updates or major announcements, large holders accumulated over 300 million DOGE in the last day, indicating renewed interest from significant investors. Technical indicators such as a rebound in the RSI from oversold territory and a recent TD Sequential buy signal suggest potential for a reversal, but mixed analyst sentiment and a recent drop below the 200-day moving average have contributed to short-term bearish pressure. Trading volume remains robust, ranging from $2.74 billion to $3.07 billion, and Dogecoin’s market capitalization is stable above $30 billion, reflecting sustained high activity and interest in the asset.